The South African Reserve Bank’s Monetary Policy Committee recently hiked the repo rate to 6.25%, taking the domestic prime lending rate to 9.25% – making borrowing money from a bank to finance a home even more expensive.
Before a prospective homeowner is granted a loan for a home, a number of factors need to be taken into account: the take-home pay of the person and the size of the deposit. Knowing if a home is affordable prior to looking into a prospective property can ensure that you do not waste time or money.from Statistics South Africa shows what workers are getting paid across the various economic sectors in the country.
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South African conference rooms are way too dimly lit, new government rules suggest | BusinessinsiderThe conference rooms and a few other areas in South African offices may be way too dimly light, new draft government rules on workplaces suggest.
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South African buys exclusive Manhattan property for R1 billionA historic property in the upper east side of Manhattan, New York, was recently bought by a South African for a staggering $57 million (about R1 billion), according to the Daily Mail UK.Sprawled over 2 800m², the 8m wide home boasts six bedrooms, staffrooms, a private indoor pool and a sauna. Who. Julius
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Spotify gives four South African podcasts slice of R1.8 millionFour South African podcasts will receive a share of R1.8 million as part of Spotify’s Africa Podcast Fund initiative. Easily r1.8m of press several times over Solphendukaa
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South African Govt Outlines Actions Taken In Corruption ProbePresident Cyril Ramaphosa has announced actions taken by the government against those implicated by the State Capture Commission of Inquiry, for benefiting from corruption. In a televised address on October 23, 2022 the president said state capture was a "crime against the people of South Africa". Meanwhile opposition party, the Democratic Alliance, has slammed Ramaphosa's response as a means to "buy time" before the African National Congress's elective conference in December 2022, in which the president faces an uphill battle to maintain his position. Former public protector Thuli Madonsela in November 2016, recommended that a commission be established to probe findings made in her "State of Capture" report. The initial report from the Zondo Commission sent shockwaves from an 87-page examination of how former president Jacob Zuma and his accomplices captured the South African Revenue Service. The report recommended prosecution against former high-ranking lawmakers and their public and private sector affiliates. The commission also called for greater protection of whistleblowers and the establishment of a single, multifunctional, properly resourced and independent anti-corruption authority by the government, with a mandate to "confront the abuses inherent in the present system".
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South African Actor Eric Nobbs dies at 68South African Actor Eric Nobbs dies at 68 South African actor Eric Nobbs sadly passed away at 68 from a suspected heart attack on Sunday. Here is more information.
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